Moody's rates Oreck loans B1

Moody's Investors Service said it assigned B1 ratings to Oreck Corp.'s proposed $210 million senior secured credit facilities. The outlook is stable.

Moody's said the ratings reflect the company's high product concentration, risks and expenditures related with developing and marketing new products, relatively heavy reliance on media spending and high pro-forma leverage and relatively low cash flow coverage.

The company's long history and strong brand name, its diversified multi-channel distribution model and its experienced management team, according to Moody's, mitigate these risks.

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